There are so many reasons why you need to improve your business cash flow. It takes money to make money, so you need to have cash on hand to afford supplier costs, labor costs, overhead, and marketing. When it comes to growing your business, you need…
There are so many obstacles to growing your small business. Having enough money to launch, having the time to plan, and managing the stress that comes along with being an entrepreneur is near the top of the list. Cash flow still stands to be the most…
Customer reviews are important. The Yelp effect shows that reviews affect revenue. A one star increase on Yelp translates to about 5 to 9 percent increase of revenue. 90% of consumers read online reviews before visiting a business. And 88% of consumers trust online reviews as…
Business to business sales techniques are different than selling to consumers. First, you are more likely to reach a gatekeeper or lower-level manager. The first challenge is catching your prospect at the right time. For cold calling, the best times to call are the first hour of…
Trade wars, global uncertainty, and a steady domestic economy make for a lot of talk about business performance this year. Rising costs of materials, uncertainty about international exporting, and cash flow gaps are the biggest challenges for small business owners according to a 2019 Global Business…
As a small business factoring company, we encourage potential clients to send us their invoices and share how they tackle the invoicing process. Even if we don’t land the client because they don’t need better cash flow at the moment, it’s a mutually beneficial process. Why?…
This is Part 2 of a Business Essentials Series: Part 1 Being the owner of a small business means you have some experience with rapid business growth. One day it’s business as usual, and the next it’s wondering how to fulfill a massive purchase order for a…
Start-ups are a hot topic these days, with many small players having rocketed to the top of the marketplace in the past couple of decades. Here are the foundation elements you need to turn a good idea into a viable business. Things You Need to Start a…
Always consider the customer experience. Making your on-boarding process as painless as possible means greater customer satisfaction and potentially customer referrals. An important process is communicating timelines to meet your customer’s expectations. How to Meet Team Deadlines Set reasonable time frames and deadlines for your team…
Working capital is the lifeblood of small businesses. You may be making sales and growing revenue, but how does that translate into profit? This is where your working capital and ability to grow without cash flow problems can translate to profit. Having more liabilities than assets…